US President Donald Trump has said he will move to ban big corporate investors from buying single-family homes, in a bid to make housing more affordable for Americans.
In a social media post on Wednesday, Trump said he would ask Congress to "codify" the plan and would discuss it further at the Davos World Economic Forum later this month.
The pledge bolstered an idea that has been circulating for years among housing advocates and lawmakers, in response to Wall Street's increased role in America's residential housing market. But some analysts question the extent to which a ban would affect prices.
Shares of Blackstone, one of the largest private equity buyers, fell more than 5% on Wednesday.
"That American Dream is increasingly out of reach for far too many people, especially younger Americans," Trump said on social media, referring to home ownership.
